Surge Battery Metals' Nevada Lithium Project Shows US$9.17B Potential in PEA
Canadian mineral exploration company Surge Battery Metals Inc. has revealed promising results from its Preliminary Economic Assessment (PEA) for the Nevada North Lithium Project. The report indicates an after-tax NPV of US $9.17 Billion and an after-tax IRR of 22.8%, with lithium carbonate equivalent (LCE) priced at $24,000/t and operating expenses (OPEX) at US $5,243/t LCE. In a strategic move, Surge has retained Cassidy & Associates for U.S. federal government engagement and outreach activities.
Surge Battery Metals Inc., based in Canada, focuses on exploring clean, high-grade lithium energy metals in Nevada, USA. The company's Nevada North Lithium Project holds significant potential, with an Inferred Resource estimated at 8.65 Mt of Lithium Carbonate Equivalent (LCE) grading 2,955 ppm Li at a 1,250 ppm cutoff. Surge aims to align its project development with evolving national priorities and funding opportunities for critical minerals through its engagement with Cassidy & Associates.
Greg Reimer, CEO of Surge Battery Metals Inc., expressed his enthusiasm about the collaboration with Cassidy & Associates. He believes it will strengthen their advocacy and participation in Washington DC, ultimately supporting the domestic critical minerals supply chain and advancing the strategic objectives for the Nevada North Lithium Project.
The Preliminary Economic Assessment results demonstrate the Nevada North Lithium Project's potential, with an after-tax NPV of US $9.17 Billion and an after-tax IRR of 22.8%. Surge Battery Metals Inc.'s engagement with Cassidy & Associates is expected to facilitate strategic objectives, align with national priorities, and support the domestic critical minerals supply chain.
